Spectators Versus Stakeholders with/without Information: the Difference it Makes for Justice
We document that being spectators (no effect on personal payoffs) and, to a lesser extent, stakeholders without information on relative payoffs, induces subjects who can choose distribution criteria after task performance to prefer rewarding talent (vis à vis effort, chance or strict egalitarianism) after guaranteeing a minimal egalitarian base. Information about distribution of payoffs under different criteria reduces dramatically such choice since most players opt or revise their decision in favor of the criterion which maximizes their own payoff (and, by doing so, end up being farther from the maximin choice). Large part (but not all) of the stakeholders’ choices before knowing the payoff distribution are driven by their performance beliefs since two thirds of them choose the criterion in which they assume to perform and earn relatively better.
|Date of creation:||20 Feb 2012|
|Date of revision:||20 Feb 2012|
|Contact details of provider:|| Postal: |
Web page: http://www.ceistorvergata.it
More information through EDIRC
|Order Information:|| Postal: CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma|
Web: http://www.ceistorvergata.it Email:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ruben Durante & Louis Putterman, 2007.
"Preferences For Redistribution and Perception of Fairness: An Experimental Study,"
2007-13, Brown University, Department of Economics.
- Ruben Durante & Louis Putterman & Joël Weele, 2014. "Preferences For Redistribution And Perception Of Fairness: An Experimental Study," Journal of the European Economic Association, European Economic Association, vol. 12(4), pages 1059-1086, 08.
- Ruben Durante & Louis Putterman & Joël van der Weele, 2013. "Preferences for Redistribution and Perception of Fairness: An Experimental Study," Working Papers 2013-7, Brown University, Department of Economics.
- Ruben Durante & Louis Putterman, 2009. "Preferences for Redistribution and Perception of Fairness: An Experimental Study," Sciences Po publications info:hdl:2441/eu4vqp9ompq, Sciences Po.
- Selten, Reinhard, 1996.
"Axiomatic Characterization of the Quadratic Scoring Rule,"
Discussion Paper Serie B
390, University of Bonn, Germany.
- Reinhard Selten, 1998. "Axiomatic Characterization of the Quadratic Scoring Rule," Experimental Economics, Springer, vol. 1(1), pages 43-61, June.
- Ruffle, Bradley J., 1998. "More Is Better, But Fair Is Fair: Tipping in Dictator and Ultimatum Games," Games and Economic Behavior, Elsevier, vol. 23(2), pages 247-265, May.
- James Konow, 2001.
"A Positive Theory of Economic Fairness,"
Levine's Working Paper Archive
563824000000000138, David K. Levine.
- Binmore, Ken, 2005. "Natural Justice," OUP Catalogue, Oxford University Press, number 9780195178111, March.
- Lucy F. Ackert & Jorge Martinez-Vazquez & Mark Rider, 2004.
"Tax Policy Design in The Presence of Social Preferences: Some Experimental Evidence,"
International Center for Public Policy Working Paper Series, at AYSPS, GSU
paper0425, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Lucy F. Ackert & Jorge Martinez-Vazquez & Mark Rider, 2004. "Tax policy design in the presence of social preferences: some experimental evidence," Working Paper 2004-33, Federal Reserve Bank of Atlanta.
- F. Carlsson & G. Gupta & O. Johansson-Stenman, 2003.
"Choosing from behind a veil of ignorance in India,"
Applied Economics Letters,
Taylor & Francis Journals, vol. 10(13), pages 825-827.
- repec:kap:expeco:v:1:y:1998:i:1:p:43-62 is not listed on IDEAS
- repec:bla:restud:v:76:y:2009:i:4:p:1461-1489 is not listed on IDEAS
- Babcock, Linda & Wang, Xianghong & Lowenstein, George, 1996. "Choosing the Wrong Pond: Social Comparisons in Negotiations That Reflect a Self-Serving Bias," The Quarterly Journal of Economics, MIT Press, vol. 111(1), pages 1-19, February.
- Magnus Johannesson & Ulf-G Gerdtham, 1995. "A pilot test of using the veil of ignorance approach to estimate a social welfare function for income," Applied Economics Letters, Taylor & Francis Journals, vol. 2(10), pages 400-402.
- Theo Offerman & Joep Sonnemans & Gijs Van De Kuilen & Peter P. Wakker, 2009. "A Truth Serum for Non-Bayesians: Correcting Proper Scoring Rules for Risk Attitudes ," Review of Economic Studies, Oxford University Press, vol. 76(4), pages 1461-1489.
When requesting a correction, please mention this item's handle: RePEc:rtv:ceisrp:221. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Barbara Piazzi)
If references are entirely missing, you can add them using this form.